Other than volatility, crypto has over the past decade perhaps been best known for lawlessness.
The US government is working to change that, as evidenced by two investigations revealed on Tuesday.
It would also mean some crypto scams would be felonies.
Coinbase’s stock dropped 21% following Bloomberg’s report.
Companies and their employees make easier targets.
Investigations are starting to see results, too.
It’s being called the first insider trading charge relating to digital tokens.
The crypto collapse of 2022 has seemingly excited regulatory impulses.
A large part of the crash in bitcoin and ether can be attributed to bad macroeconomic conditions.
When Terra’s stablecoin de-pegged,it wiped billions in value from the market.
That caused hedge fund Three Arrows Capital’s insolvency.
Crypto boosters remain confident tokens like bitcoin and ether will live on to see new, dizzy all-time-high valuations.
